Stanford Receiver Loses $88M Clawback Bid

By Cara Salvatore (September 15, 2017, 3:46 PM EDT) -- A Texas federal judge shut down a post-verdict attempt to revive an $88 million clawback suit linked to the $7 billion Stanford Ponzi scheme on Thursday, saying there's no justification for questioning the jury's finding that no payback was required.

In the wake of its collapse, receiver Ralph Janvey sought to take back $88 million in loans that Colorado billionaire Gary Magness got out of R. Allen Stanford's infamous scheme. But a jury found in January that the transfers were made in good faith, meaning Magness and his companies could keep the money.

U.S. District Judge David Godbey denied Janvey's post-trial motions...

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